ConocoPhillips $COP Stock Position Lifted by Cambridge Financial Group LLC

Cambridge Financial Group LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 87.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,972 shares of the energy producer’s stock after acquiring an additional 4,646 shares during the quarter. Cambridge Financial Group LLC’s holdings in ConocoPhillips were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after purchasing an additional 50,116,727 shares during the last quarter. BlackRock Inc. grew its stake in ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after buying an additional 2,712,703 shares during the last quarter. Wellington Management Group LLP increased its position in ConocoPhillips by 12.0% during the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after buying an additional 1,609,759 shares in the last quarter. Franklin Resources Inc. increased its position in ConocoPhillips by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock valued at $1,407,770,000 after buying an additional 648,432 shares in the last quarter. Finally, Invesco Ltd. raised its stake in ConocoPhillips by 2.2% in the fourth quarter. Invesco Ltd. now owns 13,413,036 shares of the energy producer’s stock valued at $1,255,594,000 after buying an additional 290,888 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on COP. Susquehanna boosted their price target on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a research report on Monday, June 22nd. Wall Street Zen upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial reaffirmed an “underperform” rating and issued a $168.00 price target on shares of ConocoPhillips in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.50.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Chairman Ryan Lance said the oil-price floor could rise toward $70 per barrel, with mid-cycle West Texas Intermediate crude likely around $65–$70. A higher sustained oil-price outlook could lift ConocoPhillips’ operating cash flow and earnings, although geopolitical developments are contributing to the forecast. Reuters oil price outlook article
• Positive Sentiment: Mizuho analyst Nitin Kumar reiterated a Buy rating and a $146 NAV-based price target, citing near-term earnings strength and long-term LNG-driven cash-flow potential. The target implies additional upside from recent trading levels. TipRanks analyst rating article
• Positive Sentiment: ConocoPhillips agreed to purchase 1 million tons of LNG annually from Venture Global for 20 years beginning in 2030. The deal expands its LNG portfolio and could provide long-term exposure to global gas demand. Zacks LNG supply article
• Neutral Sentiment: The company is reviewing a potential sale of its Norway business and the UK Teesside asset, reportedly valued at about $7 billion. A transaction could generate capital for debt reduction, shareholder returns, or higher-value investments, but the outcome and potential production impact remain uncertain. Yahoo Finance asset divestment article
• Neutral Sentiment: ConocoPhillips said Venezuela and Russia need greater stability and fair fiscal terms to attract investors again. The comments highlight possible future upstream opportunities, but neither represents an immediate earnings catalyst. Reuters Venezuela and Russia investment article

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded up $0.97 on Tuesday, reaching $129.37. 5,839,152 shares of the stock were exchanged, compared to its average volume of 8,162,614. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $141.62. The firm has a market capitalization of $155.42 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.34 and a beta of 0.24. The business has a 50 day moving average price of $128.85 and a two-hundred day moving average price of $121.88.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the prior year, the company earned $1.42 EPS. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. Analysts anticipate that ConocoPhillips will post 10.54 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is 44.44%.

Insider Activity

In related news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the transaction, the senior vice president directly owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.